Bitcoin and Ethereum Fall as US Adds 165,000 Jobs, Shifting Market Sentiment

TL;DR: The U.S. Department of Labor reported the creation of 165,000 new non-farm jobs for October 2026, keeping the unemployment rate at 4.1%. Bitcoin ‘s price pulled back to $75,854, while Ethereum dropped to around $2.230. Spot Bitcoin and Ethereum exchange-traded funds (ETFs) recorded combined net outflows exceeding $530 million in the previous session. Following the U.S. non-farm payrolls report this Friday, November 6, the price of Bitcoin and Ethereum fell. The report in question reflected the addition of 165,000 jobs during the month of October. The government report detailed that average hourly earnings increased by 0.4% month-over-month, standing at $38, with an annualized wage growth of 3.1%. Meanwhile, the unemployment rate remained unchanged at 4.1%.

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